New Delhi: Fiat India is targeting sales of 50,000 units in the next financial year apart from planning a few variants of both its model—Grande Punto and Linea—within the next two years.

“We hope to sell 50,000 units in 2010-11. We are also planning a few variants of the Grande Punto and Linea,” said Fiat India president and CEO Rajeev Kapoor in New Delhi.

Sales of the company’s small car Grande Punto, launched a couple of months back, is picking up, Kapoor said.

“We are currently selling 1,800 units of Grande Punto every month and hope this number will reach 2,000 by Diwali,” Kapoor said. “More variants of Punto and Linea are lined up in the next one to two years.”

He, however, declined to give the specifics of the variants, the company plans to launch.

Linea is currently selling around 1,000 units every month.

Asked about phasing out its hatchback Palio Stile, the company’s bread and butter model once, Kapoor said, decision in this regard would be taken after two years.